Stuff I’m Reading this Morning… A Fed official talks about the potential for aggressive interest rates hikes when necessary. (Bloomberg) Trader Mark on the Julian Robertson Armageddon interview. (FundMyMutualFund) Yes, Twitter is worth 74 kajillion dollars, haters. (NYP) Rumors of a Blackstone LBO for Sea World. Somebody warn Shamu! (LOLFed) Jesse is still agnostic on…
Joshua M Brown
Required Viewing for Newly-Bonused Goldman Employees
[vodpod id=Groupvideo.3484400&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] So Goldman Sachs is sitting on a $16 billion bonus pool, which CEO Lloyd Blankfein is hesitant to dole out to employees amidst the possibility of populist furor in this wonderful economy of ours. My advice to Lloyd is to make the above clip from Goodfellas required viewing for the troops upon receipt of…
Visual Economics: 3 Advantages of a Roth IRA Conversion
Click Image to Embiggen! Source: 3 Advantages of a Roth IRA Conversion Read Also: New Roth IRA Rules (TRB) Full Disclosure: Nothing on this site should be construed as either investment or tax advice. Please see my Terms & Conditions page for a full disclaimer.
Who Are The Biggest Chefs In The Business World?
Anecdotally speaking, I’m told that the restaurant business is the most difficult business on earth (in terms of the success to failure rate). I’ve also heard that the average Saturday night dinner service in NYC is as hectic and stressful as a full week of work for everyone else. I’m a stockbroker, so of course…
Hot Links: Pulp Tinkerbell
Stuff I’m Reading this Morning… The agenda for economic regulation reform at the G-20 Summit in Pittsburgh isn’t looking too promising. (Economix) A tale of tragic heroism in the Bronx. (NYP) The Healthcare Debate rages on…in an Iron Man comic book. (Ecocomics) My fave post of the week so far: Imagine If Lehman Brothers Had…
Insider Trading Lesson 1: No Call Options
You guys are so stupid. The first thing the SEC looks at is the call option activity whenever there’s a high profile merger or takeover. Anything unusual is gonna be flagged. From DealBook: The Securities and Exchange Commission on Wednesday charged two men with running an $8.6 million insider-trading scheme connected to Dell’s $3.9 billion agreement…
Bernanke: More Bank Of Japan Imitation to Come
In a widely telegraphed move, the FOMC today voted to keep Fed Funds target rate at zero. Oh, and based on the statement, don’t expect this to change anytime soon. Bernanke may have been a student of The Depression, but he is clearly a fan of the Japanese Lost Decades. All that was missing from…
Now Leaving California…
A word to the wise…this is what happens when public sector spending crushes an economy. DC, are you paying attention? Sources: Cagle.com
Ken Lewis: Should I Stay or Should I Go (reprise)
[youtube=http://www.youtube.com/watch?v=bYxkvAwIjzQ] With trouble coming from both the SEC and the NY Attorney General over the Merrill Lynch acquisition, Ken Lewis is faced with a big decision – should he stay or should he go as CEO of Bank of America? With apologies to the late Joe Strummer, here’s Kenny doing his rendition of The Clash‘s…
Hot Links: Marc Faber, Doug Kass & R2D2
Stuff I’m Reading this Morning… Pay attention! What to expect from the FOMC statement today. (Bloomberg) Great interview: Marc Faber on Tech Ticker discussing why emerging markets will surpass the West. (TechTicker) In Soviet Russia, Kalashnikov Bankrupts You! (LOLFed) The unintended consequences of Sen Dodd‘s aggressive push for one super-regulator will be that this will…
